According to a recent press release, both portfolios seek to achieve long-term capital appreciation by investing primarily in local Indian and Korean equities. They are offered in A and C Shares, both with $1,000 minimum initial investments, and also offer Institutional and IR Shares. The funds will be managed by local Goldman Sachs Asset Management International equity teams in Singapore.
“We are excited to provide investors with opportunities to invest in two of the world’s growth markets, India and Korea, via single-country mutual funds,” said Don Gervais, Global Head of Fundamental Equity Product Management at Goldman Sachs Asset Management, in the announcement. “As is the case with our recently-launched Brazil and China equity funds, the India and Korea offerings are created for investors who would like direct exposure to these thriving economies. These funds are complementary to GSAM’s family of emerging and growth markets investment products.”